CatchMark Announces Tax Treatment of 2021 Dividend Distributions

Rhea-AI Summary

CatchMark Timber Trust (NYSE: CTT) announced the tax treatment for 2021 dividends, totaling $0.48 per share. The company distributed cash dividends throughout the year, with payments of $0.135 per share on March 15, June 15, and September 15, and $0.075 on December 15. All distributions were classified as non-dividend distributions (return of capital). This information is vital for shareholders for tax reporting purposes, and they are advised to review their Forms 1099-DIV alongside other tax documents. CatchMark focuses on maximizing cash flows from its timberland assets.

Positive

• Total dividends paid in 2021 amounted to $0.48 per share.
• Dividends classified entirely as non-dividend distributions may provide tax advantages.

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• None.

ATLANTA, Jan. 18, 2022 /PRNewswire/ -- CatchMark Timber Trust, Inc. (NYSE: CTT) announced today the tax treatment of dividend distributions made in 2021 on the company's common stock.  In 2021, CatchMark paid a total of $0.48 per share in cash dividends.

The following table summarizes the income tax treatment of the company's 2021 dividends.

2021 Dividend Tax Reporting Information (Form 1099-DIV)

Record Date	Payment Date	Cash Distribution Per Share	Capital Gain Distribution Per Share	Non-dividend Distribution Per Share (Return of Capital)
02/26/2021	03/15/2021	$0.135	$0.00	$0.135
05/28/2021	06/15/2021	$0.135	$0.00	$0.135
08/31/2021	09/15/2021	$0.135	$0.00	$0.135
11/30/2021	12/15/2021	$0.075	$0.00	$0.075
	Total	$0.48	$0.00	$0.48
		100%	0.00%	100%

This information is being provided to assist stockholders with tax reporting requirements related to the company's dividend distributions. Stockholders should review their Forms 1099-DIV as well as other 2021 tax statements that they received from their brokerage firms or other institutions to ensure that the statements agree with the information provided above. Stockholders are also encouraged to consult with their tax advisers as to their specific tax treatment of CatchMark dividends.

About CatchMark
CatchMark (NYSE: CTT) seeks to deliver consistent and growing per share cash flow from disciplined acquisitions and superior management of prime timberlands located in high demand U.S. mill markets. Concentrating on maximizing cash flows throughout business cycles, the company strategically harvests its high-quality timberlands to produce durable revenue growth and takes advantage of proximate mill markets, which provide a reliable outlet for merchantable inventory. Headquartered in Atlanta and focused exclusively on timberland ownership and management, CatchMark began operations in 2007 and owns interests in 370,100 acres* of timberlands located in Alabama, Georgia and South Carolina. For more information, visit www.catchmark.com.
* As of October 15, 2021

 

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SOURCE CatchMark Timber Trust, Inc.

FAQ

What is the total dividend amount paid by CTT in 2021?

CatchMark Timber Trust paid a total dividend of $0.48 per share in 2021.

When were the dividend payments made for CTT in 2021?

Dividends were paid on March 15, June 15, September 15, and December 15 in 2021.

What was the classification of CTT's dividends for 2021?

All dividends were classified as non-dividend distributions (return of capital).

How should CTT shareholders report their dividends for tax purposes?

Shareholders should review their Forms 1099-DIV and consult tax advisers for specific treatment.